To Pay For Israeli Aid, GOP Wants To Make It More Expensive For You To File Your Taxes

Nostra · Oct 31, 2023

kyzr said:
In 2020 revenue did NOT go up it went down, dumbass.

So spending went up faster than revenues, the Debt exploded, interest on the Debt is killing us.

The Trump tax cuts are not the answer to our fiscal mess. Cutting spending was, but that ship sailed.

After years of rising revenues after the Trump across the board tax cuts, you tell us why all the sudden there was a slight dip in 2020.

This will be a hoot.

Oddball · Oct 31, 2023

AntonToo said:
Yep, total idiot.

Fuck off, bootlicker.

Weatherman2020 · Oct 31, 2023

kyzr said:
In 2020 revenue did NOT go up it went down, dumbass.

So spending went up faster than revenues, the Debt exploded, interest on the Debt is killing us.

The Trump tax cuts are not the answer to our fiscal mess. Cutting spending was, but that ship sailed.

God Bless President Trump.

kyzr · Oct 31, 2023

Nostra said:
Holy shit you are a moron. A slight dip due to the pandemic and global shutdowns, and you think you can blame the Trump across the board tax cuts?

Do you ever wonder why everyone here knows you are a moron?

1. You were wrong that revenue went up EVERY year.
2. Name calling? Thanks for playing, dumbass.
3. You still didn't put up a viable solution to the fiscal mess. Tax cuts aren't it.

Oddball · Oct 31, 2023

Weatherman2020 said:
God Bless President Trump.
View attachment 851449

What if I really don't give a rat's ass about The State stealing all that loot?

Oddball · Oct 31, 2023

kyzr said:
3. You still didn't put up a viable solution to the fiscal mess. Tax cuts aren't it.

Massive spending cuts are.

No ox will be spared form being gored.

kyzr · Oct 31, 2023

Nostra said:
After years of rising revenues after the Trump across the board tax cuts, you tell us why all the sudden there was a slight dip in 2020.
This will be a hoot.

You claimed that revenue went up EVERY year after the Trump tax cuts.
I proved your claim WRONG.

kyzr · Oct 31, 2023

Weatherman2020 said:
God Bless President Trump.

From Nostra, Revenue, Spending, Net

Toddsterpatriot · Oct 31, 2023

kyzr said:
1 and 2 are reasonable estimates, say $1.3T a year.
Removing the cap on SS, just fixes SS. Medicare needs to be fixed too.

My other suggestion is to have another Grace Commission to cut the size and scope of the Federal government.
Can Welfare, Medicaid, and Education be dumped on the States?
Can Student Loans be reduced by requiring colleges to put up 25% of the loan?

I'll take $1.4 - $1.5T in new revenue to Balance the Budget and stop borrowing.

1 and 2 are reasonable estimates, say $1.3T a year.

Not even close. Read again.

Toddsterpatriot · Oct 31, 2023

kyzr said:
So the taxpayers keep mo money, the dollar crashes, the money is worthless, what did the taxpayers gain?

Hyperinflation in the Weimar Republic - Wikipedia

en.wikipedia.org

Taxpayers keep a lot more than $2.3 trillion. Sounds good to me.
Now cut spending back to 2019 levels.

kyzr · Oct 31, 2023

Toddsterpatriot said:
1 and 2 are reasonable estimates, say $1.3T a year.

Not even close. Read again.

Its close enough to the projected deficit. Add in some Budget Cuts, removing the cap on SS.
Its a reasonable start toward fiscal sanity.
If the tax rates need to go up to get to a $500b surplus to start paying down the Debt, it needs to happen.
The Fed even said that the current trajectory is "unsustainable".

1. Add a 4% Federal Sales Tax on all sales (gains ~400b/yr)
2. Add a 0.1%? financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains 777b/yr, see link below)

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

fiscaldata.treasury.gov

debt

busybee01 · Oct 31, 2023

MAGA Macho Man said:
What a pervert you are, typical Biden supporter!

Trump supporters are the perverts.

kyzr · Oct 31, 2023

Toddsterpatriot said:
Taxpayers keep a lot more than $2.3 trillion. Sounds good to me.
Now cut spending back to 2019 levels.

I agree that the current Budget is a disaster.
Trump's 2021 Budget was $4T
Biden's Budgets are ~$7T

They should be able to cut ~$2T if they use an axe and not a scalpel.

Weatherman2020 · Oct 31, 2023

kyzr said:
Its close enough to the projected deficit. Add in some Budget Cuts, removing the cap on SS.
Its a reasonable start toward fiscal sanity.
If the tax rates need to go up to get to a $500b surplus to start paying down the Debt, it needs to happen.
The Fed even said that the current trajectory is "unsustainable".

1. Add a 4% Federal Sales Tax on all sales (gains ~400b/yr)
2. Add a 0.1%? financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains 777b/yr, see link below)

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

fiscaldata.treasury.gov

View attachment 851483debt

Nope.
You go into debt you don’t force your boss to give you another raise. You stop spending.

If 4/5 of the Federal government ceased to exist today I bet 14 people outside of government would notice.

Toddsterpatriot · Oct 31, 2023

kyzr said:
Its close enough to the projected deficit. Add in some Budget Cuts, removing the cap on SS.
Its a reasonable start toward fiscal sanity.
If the tax rates need to go up to get to a $500b surplus to start paying down the Debt, it needs to happen.
The Fed even said that the current trajectory is "unsustainable".

1. Add a 4% Federal Sales Tax on all sales (gains ~400b/yr)
2. Add a 0.1%? financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains 777b/yr, see link below)

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

fiscaldata.treasury.gov

View attachment 851483debt

Its close enough to the projected deficit.

It's not. Nowhere close to the projected deficit.

(gains 777b/yr, see link below)

You need to look at your link again.

kyzr · Oct 31, 2023

Weatherman2020 said:
Nope.
You go into debt you don’t force your boss to give you another raise. You stop spending.
If 4/5 of the Federal government ceased to exist today I bet 14 people outside of government would notice.

AbilityOne Commission

Access Board

Administration for Children and Families (ACF)

Administration for Community Living

Administration for Native Americans

Administrative Conference of the United States

Administrative Office of the U.S. Courts

Advisory Council on Historic Preservation

Africa Command

You are not seeing the entire Federal Budget. Its not just the agencies that need pruning. Those are a tiny part of the Budget.
My recommendation was to have another Grace Commission to see where the Fed government can save money w/o hurting national security or services.

Here is the last sane Federal Budget. Now Biden's Budget is $7T. SS is going insolvent, Medicare is going insolvent. The Interest on the Debt is doubling. Its a fiscal mess.

2021 Federal Budget
Outlays $4.88T
Receipts $3.86T
Deficit $1.02T

Discretionary Spending
Defense $753b
Non-defense $733b
Total $1.49T

Mandatory Spending
Social Security $1,115b
Medicare 746b
Medicaid 452b
Other 660b
Interest on Debt 379b
Total $3.39b

kyzr · Oct 31, 2023

Toddsterpatriot said:
Its close enough to the projected deficit.
It's not. Nowhere close to the projected deficit.

(gains 777b/yr, see link below)
You need to look at your link again.

1. We disagree. We need about $2T to get a budget surplus. Trump's deficit was about $1T. Biden's is about $2T.
2. There are plenty of financial transactions to tax. Hundreds of $Trillions. The rate(s) can be adjusted as needed.

Loading…

www.sifma.org

BluesLegend · Oct 31, 2023

kyzr said:
Try this graph to show that the top incomes did way better than the rest of us. Stop whining.

View attachment 851397

Hey it sucks to be the rest of you. That's not justification for PUNISHMENT taxing us. Besides its you masses who consume the bulk of the Federal spending. Why do I have to carry all the losers? Pay YOUR share!

Toddsterpatriot · Oct 31, 2023

kyzr said:
1. We disagree. We need about $2T to get a budget surplus. Trump's deficit was about $1T. Biden's is about $2T.
2. There are plenty of financial transactions to tax. Hundreds of $Trillions. The rate(s) can be adjusted as needed.

Loading…

www.sifma.org

We disagree. We need about $2T to get a budget surplus.

And you've got less than $500 billion so far.

There are plenty of financial transactions to tax. Hundreds of $Trillions. The rate(s) can be adjusted as needed.

If you think you can raise trillions by simply taxing those transactions, you
know even less about the real world than the typical leftist.

BluesLegend · Oct 31, 2023

kaz said:
We are spending ourselves into the ground and all you do is attack a spending cut. Rather than blowing hot air, propose what we should cut instead. You didn't believe in doing chores for your allowance either, did you? Be honest

The sad reality is, if they confiscated every last dollar of wealth from 'the rich' these morons in Washington would blow through the money in a few years and be right back to borrowing. When government is gulping down $7 trillion a year, that's $7,000 billion or 35 times what Musk is worth holy shit! I'm pretty sure we don't have 35 Elon Musks to rob.

To Pay For Israeli Aid, GOP Wants To Make It More Expensive For You To File Your Taxes

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